Anyone begin their real estate journey in their late 40s?
I am would like to start investing in real estate but am in my late 40s. Anyone investors on BiggerPockets start that late in life? Any suggestions? Thanks in advance.
Most Popular Reply
@Patrick Froehlich I started at age 41
The downside is that you don't have a long time to build wealth and capital. On the positive side, you probably have a lot more business experience, life experiences and (hopefully) more financial resources than a 20-something. These will allow you to move faster.
We were moving pretty slowly at first, buying about one single-family rental per year until we found a group that taught us the right way to buy property. The next two years we bought 9 houses, making a lot more than we were before. Then we started investing passively in apartments with other members of that group. (which we continue to do today) Now we've also syndicated two apartment deals that we manage. We retired my wife from a six-figure income last year and hope to do the same for me soon. The past three years we've generated much more cash from our real estate than we have from our jobs.